DA Davidson Reiterates “Buy” Rating for e.l.f. Beauty (NYSE:ELF)

e.l.f. Beauty (NYSE:ELF)‘s stock had its “buy” rating restated by equities research analysts at DA Davidson in a research report issued on Wednesday,Benzinga reports. They currently have a $170.00 price target on the stock. DA Davidson’s price objective would suggest a potential upside of 29.26% from the company’s current price.

A number of other research analysts have also recently weighed in on ELF. TD Cowen lowered their price objective on e.l.f. Beauty from $235.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Stifel Nicolaus lowered their price objective on e.l.f. Beauty from $131.00 to $115.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. B. Riley lowered their price objective on e.l.f. Beauty from $175.00 to $150.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. Truist Financial decreased their target price on e.l.f. Beauty from $210.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. Finally, Canaccord Genuity Group decreased their target price on e.l.f. Beauty from $250.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, e.l.f. Beauty currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.00.

e.l.f. Beauty Trading Down 5.0 %

e.l.f. Beauty stock opened at $131.52 on Wednesday. The business has a 50-day simple moving average of $117.75 and a two-hundred day simple moving average of $149.71. The company has a market cap of $7.41 billion, a P/E ratio of 71.09, a P/E/G ratio of 3.06 and a beta of 1.49. e.l.f. Beauty has a 52-week low of $98.50 and a 52-week high of $221.83. The company has a quick ratio of 1.01, a current ratio of 1.78 and a debt-to-equity ratio of 0.22.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.34. The business had revenue of $301.10 million during the quarter, compared to the consensus estimate of $289.43 million. e.l.f. Beauty had a return on equity of 19.34% and a net margin of 8.87%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. Analysts predict that e.l.f. Beauty will post 2.8 EPS for the current year.

Insider Buying and Selling at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 785 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $130.00, for a total transaction of $102,050.00. Following the transaction, the director now directly owns 1,888 shares in the company, valued at approximately $245,440. This represents a 29.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Tarang Amin sold 890 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $137.60, for a total transaction of $122,464.00. Following the transaction, the chief executive officer now owns 99,699 shares in the company, valued at $13,718,582.40. The trade was a 0.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,205 shares of company stock worth $297,442 in the last quarter. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On e.l.f. Beauty

Hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new position in e.l.f. Beauty during the 3rd quarter valued at about $25,000. Ashton Thomas Private Wealth LLC bought a new position in e.l.f. Beauty during the 2nd quarter valued at about $26,000. Innealta Capital LLC bought a new position in e.l.f. Beauty during the 2nd quarter valued at about $30,000. Whittier Trust Co. of Nevada Inc. boosted its position in e.l.f. Beauty by 405.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 172 shares of the company’s stock valued at $36,000 after buying an additional 138 shares during the period. Finally, Crewe Advisors LLC boosted its position in e.l.f. Beauty by 456.3% in the 2nd quarter. Crewe Advisors LLC now owns 178 shares of the company’s stock valued at $38,000 after buying an additional 146 shares during the period. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc, together with its subsidiaries, provides cosmetic and skin care products under the e.l.f. Cosmetics, e.l.f. Skin, Well People, and Keys Soulcare brand names worldwide. The company offers eye, lip, face, face, paw, and skin care products. It sells its products through national and international retailers and direct-to-consumer channels, which include e-commerce platforms in the United States, and internationally primarily through distributors.